Fidelity Total Bond ETF $FBND Shares Sold by Novem Group

Novem Group lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,597 shares of the company’s stock after selling 436 shares during the period. Novem Group’s holdings in Fidelity Total Bond ETF were worth $302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Pacific Financial acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $25,000. Fifth Third Bancorp purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Tsfg LLC purchased a new stake in Fidelity Total Bond ETF in the 1st quarter valued at approximately $29,000. NBC Securities Inc. purchased a new stake in Fidelity Total Bond ETF in the 1st quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC lifted its stake in Fidelity Total Bond ETF by 63.1% in the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.28 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.95. The stock’s 50 day moving average price is $46.01 and its 200 day moving average price is $45.57. The firm has a market cap of $20.01 billion, a P/E ratio of 8.94 and a beta of 0.17.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.